CMS advised the Belgian real estate developer ATENOR on the sale of two buildings in the Váci Greens complex in Budapest. Building A, which was finished in September 2013, contains 15,700 m² of office space, 88% leased to various tenants of repute (General Electric, Sykes, Enterprise, BNP Paribas Real Estate, Budapest Bank), while Building C was completed in June 2015 and comprises 18,500m² office space, fully let to General Electric.
The Váci Greens complex, started in 2008 by Atenor, includes six Class A office buildings with a total surface area of over 120,000 m². The complex, ideally located in the heart of the highly dynamic Váci Corridor business district has obtained the "BREEAM Excellent" environmental certificate. The investment market has been recently very active in Budapest and various investors demonstrate a strong interest for the purchase of Building B (25,300m², 65% let) of the complex as well.
The CMS team assisting Atenor included Partner Gábor Czike, Senior Counsel József Várady and Lawyer László Jókay.